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Manufacturing contracts but markets trade higher

The markets traded higher during the midday with the Dow climbing 118 points to 17,838 despite a contraction of the nation’s manufacturing sector. Nasdaq gained 30 points to 5,139.

On the upside

Acorn International (NYSE: ATV) provided a business update this morning.

Dehaier Medical Systems (Nasdaq: DHRM) appointed Xiaoguang Shen to its Board of Directors.

WPCS International (Nasdaq: WPCS) secured nearly $1.9 million in new contracts in November.

On the downside

Repros Therapeutics (Nasdaq: RPRX) received a Complete Response Letter from the Food and Drug Administration for its secondary hypogonadism treatment enclomiphene.

Unitholders of MarkWest Energy Partners (NYSE: MWE) approved the proposed merger with MPLX (NYSE: MPLX).

Harvard Apparatus Regenerative Technology (Nasdaq: HART) regained compliance with the minimum bid price requirement for listing on Nasdaq but the stock price fell as investors locked in profits.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The broader S&P 500 climbed 14 points to 2,095. Bitcoin tumbled $20 to $357.

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